An investment grows from $27807.13 to $37821.99 at a rate of interest of 5.89% per year compounded semiannually. How many years was the investment held? Answer: 5.297 X The correct answer is: 5.50 Pedro made an investment at the beginning of January, 2000. It has grown to be $52489.29 by the beginning of April, 2006. At a rate of interest of 6.89% per year compounded monthly, what was the initial investment? Answer: $36595.2: X The correct answer is: $ 34165.48